IWM vs. E
IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index, while E (Eni S.p.A.) is a stock. Over the past 10 years, IWM returned 11.27%/yr vs 12.46%/yr for E. At a 0.47 correlation, their price movements are largely independent.
Performance
IWM vs. E - Performance Comparison
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Returns By Period
In the year-to-date period, IWM achieves a 19.22% return, which is significantly lower than E's 44.27% return. Over the past 10 years, IWM has underperformed E with an annualized return of 11.27%, while E has yielded a comparatively higher 12.46% annualized return.
IWM
- 1D
- 0.87%
- 1M
- 3.64%
- YTD
- 19.22%
- 6M
- 16.00%
- 1Y
- 39.16%
- 3Y*
- 17.23%
- 5Y*
- 6.07%
- 10Y*
- 11.27%
E
- 1D
- -1.04%
- 1M
- -2.55%
- YTD
- 44.27%
- 6M
- 45.57%
- 1Y
- 75.29%
- 3Y*
- 32.48%
- 5Y*
- 23.85%
- 10Y*
- 12.46%
IWM vs. E - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 19.22% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
E Eni S.p.A. | 44.27% | 48.40% | -13.95% | 26.73% | 10.92% | 43.12% | -28.73% | 4.29% | -0.98% | 7.27% |
Correlation
The correlation between IWM and E is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.47 |
Over the past year, the correlation between IWM and E has dropped to 0.08 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
IWM vs. E — Risk / Return Rank
IWM
E
IWM vs. E - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and Eni S.p.A. (E). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWM | E | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.53 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 8.14 | -4.57 |
| Martin ratioReturn relative to average drawdown | 12.63 | 26.54 | -13.91 |
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Drawdowns
IWM vs. E - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, smaller than the maximum E drawdown of -70.53%. Use the drawdown chart below to compare losses from any high point for IWM and E.
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Drawdown Indicators
| IWM | E | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -70.53% | +11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -9.30% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -20.13% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -33.71% | +1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -61.59% | +20.46% |
Current DrawdownCurrent decline from peak | 0.00% | -6.08% | +6.08% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -23.07% | +12.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.85% | +0.27% |
Volatility
IWM vs. E - Volatility Comparison
iShares Russell 2000 ETF (IWM) has a higher volatility of 7.16% compared to Eni S.p.A. (E) at 6.01%. This indicates that IWM's price experiences larger fluctuations and is considered to be riskier than E based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | E | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 6.01% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 19.56% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 22.72% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 25.04% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 28.30% | -5.22% |
Dividends
IWM vs. E - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.87%, less than E's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
E Eni S.p.A. | 4.50% | 5.88% | 7.69% | 5.74% | 6.38% | 5.79% | 5.91% | 6.11% | 5.15% | 3.96% | 3.98% | 5.14% |
IWM iShares Russell 2000 ETF | 0.87% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IWM and E have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (7.16%) compared to E (6.01%). In terms of maximum drawdown, IWM dropped -59.05% vs E's -70.53%.
E currently has the higher Sharpe Ratio (3.34 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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